Hennessy Nerstone Value Fund Price on October 4, 2024
| HICVX Fund | USD 21.44 0.05 0.23% |
Below is the normalized historical share price chart for Hennessy Nerstone Value extending back to March 03, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hennessy Nerstone stands at 21.44, as last reported on the 14th of December 2024, with the highest price reaching 21.44 and the lowest price hitting 21.44 during the day.
If you're considering investing in Hennessy Mutual Fund, it is important to understand the factors that can impact its price. Hennessy Nerstone Value holds Efficiency (Sharpe) Ratio of -0.0311, which attests that the entity had a -0.0311% return per unit of risk over the last 3 months. Hennessy Nerstone Value exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hennessy Nerstone's Risk Adjusted Performance of 0.0039, market risk adjusted performance of 0.002, and Downside Deviation of 0.4473 to validate the risk estimate we provide.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = -0.0311
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| Negative Returns | HICVX |
Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hennessy Nerstone is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hennessy Nerstone by adding Hennessy Nerstone to a well-diversified portfolio.
Hennessy Nerstone Valuation on October 4, 2024
It is possible to determine the worth of Hennessy Nerstone on a given historical date. On October 4, 2024 Hennessy was worth 21.98 at the beginning of the trading date compared to the closed value of 21.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Nerstone mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy Nerstone's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hennessy Nerstone where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Nerstone's related companies.
| Open | High | Low | Close | Volume | |
| 21.79 | 21.79 | 21.79 | 21.79 | 1.00 | |
10/04/2024 | 21.98 | 21.98 | 21.98 | 21.98 | 1.00 |
| 21.94 | 21.94 | 21.94 | 21.94 | 1.00 |
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Hennessy Nerstone Trading Date Momentum on October 4, 2024
| On October 07 2024 Hennessy Nerstone Value was traded for 21.94 at the closing time. The highest daily price throughout the period was 21.94 and the lowest price was 21.94 . There was no trading activity during the period 1.0. Lack of trading volume on 10/07/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.18% . The trading delta at closing time to current closing price is 0.68% . |
Hennessy Nerstone Value Fundamentals Correlations and Trends
By evaluating Hennessy Nerstone's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hennessy Nerstone's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hennessy financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hennessy Nerstone Mutual Fund history
Hennessy Nerstone investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hennessy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hennessy Nerstone Value will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hennessy Nerstone stock prices may prove useful in developing a viable investing in Hennessy Nerstone
The fund invests in larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy . It purchases 50 stocks weighted equally by dollar amount, with 2 percent of the portfolios assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Hennessy Nerstone Mutual Fund Technical Analysis
Hennessy Nerstone technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Hennessy Nerstone Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Hennessy Nerstone Value cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Hennessy Nerstone December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy Nerstone mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hennessy Nerstone shares will generate the highest return on investment. By undertsting and applying Hennessy Nerstone mutual fund market strength indicators, traders can identify Hennessy Nerstone Value entry and exit signals to maximize returns
Hennessy Nerstone Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Nerstone's price direction in advance. Along with the technical and fundamental analysis of Hennessy Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hennessy to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.01) |
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| Math Transform | ||
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| Statistic Functions | ||
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| Volume Indicators |
Other Information on Investing in Hennessy Mutual Fund
Hennessy Nerstone financial ratios help investors to determine whether Hennessy Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hennessy with respect to the benefits of owning Hennessy Nerstone security.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |